EURUSD Intraday Forecast Nov 12 2014

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Intraday outlook in EURUSD  has turned neutral at the moment , support comes at the 1.2457 levels, stability above the 1.2457 levels on hourly closing basis will keep pushing towards the 1.2485/1.2508 levels where strong resistance is suggested , however ; sustained trading above the 1.2508 will bring strong recovery towards the 1.2576 levels ahead of the 1.2630 levels .

On the downside , support comes at the 1.2457 levels , a clear break below the 1.2457 levels on hourly closing basis , will  open 1.2393/1.2357 levels where a cut will open 1.2300 levels , further losses will aim the 1.2230 levels.

In all , the EURUSD is likely to consolidate within 1.2457/1.2508 range before the next move , a clear break above the 1.2508 levels will turn outlook towards the 1.2576 levels ahead of the 1.2630 levels while stability below the 1.2457 levels on hourly closing basis will resume the bearish move towards the 1.2357 levels ahead of the 1.2300 levels..

 

EURUSD Intraday Forecast Nov 12 2014

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